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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) August 10, 1999
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Cooper Industries, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Ohio
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(State or Other Jurisdiction of Incorporation)
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1-1175 31-4156620
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(Commission File Number) (IRS Employer Identification No.)
600 Travis, Suite 5800, Houston, Texas 77002
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(Address of Principal Executive Offices) (Zip Code)
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713/209-8400
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
Business Outlook for 1999
The following sets forth the Company's general business outlook for 1999, based
on results achieved through June 30, recently implemented actions, recent
acquisitions and current expectations. The comparative figures for 1998 include
the effects of prior acquisitions and exclude 1998 nonrecurring items.
The Company expects segment revenues to increase by 5 to 10 percent for the
Electrical Products segment and by 0 to 5 percent for the Tools & Hardware
segment. The Company expects operating earnings to increase by 5 to 10 percent
for the Electrical Products segment and to decrease by 5 to 10 percent for the
Tools & Hardware segment.
The above statements are forward-looking, and actual results may differ
materially. The above statements are based on a number of assumptions, risks and
uncertainties. The primary economic assumptions include, without limitation, (i)
modest growth in the domestic economy; (ii) a modest improvement in European
markets; (iii) a modest increase in construction spending worldwide; (iv) no
significant change in raw material costs; and (v) no significant adverse changes
in the relationship of the U.S. dollar to the currencies of countries in which
the Company does business. The estimates also assume, without limitation, the
successful completion of the implementation of business enterprise systems for
the Company and no significant change in competitive conditions.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
COOPER INDUSTRIES, INC.
(Registrant)
Date: August 10, 1999 /s/ D. BRADLEY MCWILLIAMS
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D. Bradley McWilliams
Senior Vice President and
Chief Financial Officer